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  • Tuesday, July, 2019| Today's Market | Current Time: 12:13:32
  • Fertiliser subsidy sees a hike of around Rs 10,000 crore in Union Budget

    Published on July 7, 2019

    Fertilizer Subsidy allocation has seen a hike of around 10,000 crore rupees in the Union Budget. An official statement said, the allocation has been increased from 70,090 crore rupees in 2018-19 to 79,996 crore rupees in 2019-20. Out of this, 53,629 crore rupees is towards Urea subsidy and 26,367 crore rupees for Nutrient-based subsidies.

    Chemicals and Fertilizers Minister, DV Sadananda Gowda said, the increased allocation towards the Fertilizer Subsidy would further help in increasing the efficiency of subsidy transfers to the farmers through Direct Benefit Transfer (DBT).

    According to the Fiscal Policy statement of the Budget, a total of over 610 lakh metric tonnes of fertilizers have been sold under DBT scheme from March 2018 to May 2019.

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